In Linear Programming, a Statement Such as "Maximize Contribution" Becomes

question 68

Multiple Choice

In linear programming, a statement such as "maximize contribution" becomes a(n)

• A) constraint
• B) slack variable
• C) objective function
• D) violation of linearity
• E) decision variable

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Definitions:

Production Budget

An estimate of the total units that must be produced in a given period to meet sales and inventory needs.

Sales Budget

An estimate of the expected sales revenue and selling expenses for a specific period, used for planning and control purposes.

Sales Budget

An estimate of the total sales revenue a company expects to earn over a specific period, often used for planning and control purposes.

Sales

The revenue earned from selling goods or services to customers.